account opening form partnership - punjab national bank partnership account.pdf · 2020-01-10 ·...

Day-to-day transactions

Receipts and Payments, Standing Orders & Direct debits

Savings and Investments

Other (give details)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .BranchPurpose of Opening the Account

(Please mark (tick) wherever applicable)

Full name of the Partnership Firm Account

YES

YES

Monthly Yearly

YES

YES

NO

NO

NO

NO

NO

Is this a Limited Liability Partnership (LLP)?

Cheque book (Issued in GBP accounts only)

Statement Frequency

Internet Banking (View Only Facility)

Is the firm regulated? If yes, please provide country to whose law subject to

Current Correspondence Address Registered Address (only if different to current correspondence address)

Date of Commencement of Partnership

Source of funds for the account

Nature of Business

Country where Partnership is based

Telephone Number 1

E-mail Address

Post Code Post Code

Telephone Number 2 Fax Number

For Office Use :

CUST ID:

ACCOUNT NO.:

(International) Limited

(Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority)

Account Opening Form Partnership

Account Details

Type Of Account

Current Trade Finance Real Estate

Other (pl. specify)

Currency of the Account GBP USD EUR

Title TitleMr. Mr.

Dr. Dr.

Mrs. Mrs.

Other Other

Miss Miss

First Name First Name

Middle Name Middle Name

Surname Surname

Current Address Current Address

Residing Since Residing Since

Post Code Post Code

Country Country

Passport/DVLANo Passport/DVLANo

Citizenship Citizenship

Marital Status Marital Status

Date of Birth Date of Birth

Home Tele No Home Tele No

Mobile No Mobile No

E-mail Address E-mail Address


Post Code Post Code

Country Country

Position held in the OrganizationPartnership share in percentage

Insert Debit Card Details as per annexure (D) Insert Debit Card Details as per annexure (D)


Previous Address (only if less than 3 years at current address)


Signature Signature

PARTNER 1 PARTNER 2

D DM M

M

M

M

M

Y YY YY YY Y

Y

Y

Y

Y

Y

Y

Y

Y

Y

Y

Y

Y

Y

Y

Y

Y

D DM M

M

M

M

M

Date Date

Personal Details (Partner 1) Personal Details (Partner 2)

Title TitleMr. Mr.

Dr. Dr.

Mrs. Mrs.

Other Other

Miss Miss



Surname Surname



Post Code Post Code

Country Country



Marital Status Marital Status



Mobile No Mobile No



Post Code Post Code

Country Country


Insert Debit Card Details as per annexure (D) Insert Debit Card Details as per annexure (D)




Signature Signature

PARTNER 1 PARTNER 2

D DM M

M

M

M

M

Y YY YY YY Y

Y

Y

Y

Y

Y

Y

Y

Y

Y

Y

Y

Y

Y

Y

Y

Y

D DM M

M

M

M

M

Date Date

Personal Details (Partner 3) Personal Details (Partner 4)

Title TitleMr. Mr.

Dr. Dr.

Mrs. Mrs.

Other Other

Miss Miss



Surname Surname



Post Code Post Code

Country Country





Mobile No Mobile No


Post Code Post Code

Country Country

Position held in the Organization

Position held in the Organization

Signature Signature

AUTHORISED SIGNATORY 1 AUTHORISED SIGNATORY 2

D DM M

M M

Y YY YY YY Y

Y YY YY YY Y

D DM M

M M

Date Date

Details of Authorised signatories other than Partners (Authorised Signatory 1) (Authorised Signatory 2)

The CRAs have published an information notice that explains how they use your personal data. This notice (referred to as “CRAIN”) can be found here:

You can contact the CRAs currently operatin in the UK; the information they hold may not be the same so it is worth contacting them all.

• Call Credit, consumer Services Team, PO Box 491, Leeds, LS3 1WZ or call 0870 0601414

• Equifax PLC, Credit File Advice Centre, PO Box 3001, Bradford, BD1 5US or call 0870 010 0583 or log on to www.mvcuifax.co.uk

• Experian, Consumer Help Service, PO Box 8000, Nottingham NG80 7WF or call 0844 4818000 or log on to www.experian.co.uk

By signing below, I/we agree that I/we have read and understood this General Agreement.

Marketing consent

The Bank will send you information by post or email about the Bank’s other products and services that we think might be of interest to you from time to time. If you would prefer to not receive this marketing information please tick here.

By signing below, I/we agree that I/we have read and understood this General Agreement.

I/we declare that I/we have read and understood the PNBIL Account Terms and Conditions and agree to abide by them.

ACCOUNT HOLDER HEREBY UNDERTAKES TO NOTIFY CHANGE OF ADDRESS TO THE BANK AS SOON AS POSSIBLE.

I/We request the Punjab National Bank (International) Limited (the “Bank”) to open the account in the above names and information.

I/We declare that the above information is true and correct to the best of my/our knowledge.

I/We agree that any new account opened immediately or on a future date will be subject to the PNBIL Account Terms and Conditions (available on our website) and as amended from time to time.

I/We undertake that I/we will not claim any interest on any of our Term deposit/s made from time to time after the maturity date unless and until we have made a specific request to renew the deposit.

I/We agree to comply with the Bank’s rules with regard to the conduct of the accounts. I/We resolve to provide to the Bank in writing any changes in personal details or circumstances that may change from time to time.

I/We acknowledge that the issue and usage of debit/ATM card (the “Card”) is governed by the PNBIL Account Terms and Conditions (available on our website) and as amended from time to time. In the event that I/we do not agree to any of the modified terms and conditions I/we will surrender the debit/ATM card to the Bank and shall cut into and through the magnetic strip. I/We authorize the Bank to debit my/our account to the amount drawn under the Card and for the fees and charges for the use of the Card.

I/We abide by the rules governing the usage of the Bank’s Internet and Telephone banking and also undertake to ratify and confirm all that the user/s do/es or cause/s to do through these facilities. This undertaking should continue to be valid until and unless I/We revoke it by written notice to you.

I understand that the data provided by us or already in the Punjab National Bank (International) Limited’s (“PNBIL” or “the Bank”) records will be provided to the Back Office of PNBIL in India for processing and may be communicated to the Bank’s corporate office in India who may, for regulatory or statistical purposes, provide information to the Indian Regulatory Authorities.

A full explanation of how the Bank uses your personal information and how it is shared is set out in our ‘Privacy Policy’ a copy of which is available on our website www.pnbint.com.

(1) When you apply to us to open an account, PNB(I)L will check the following records about you:

• Our own;

• Personal and business records at credit reference agencias (CRAs). When CRAs receive a search from us the will place a search footprint on your credit file that may be seen by other lenders. They supply to us both public (including the electoral register) and shared credit and fraud prevention information.

• Those at fraud prevention agencies (FPAs).

• If you are a director, we will seek confirmation, from credit reference agencies, that the residential address that you provide is the same as that shown on the restricted register of directors’ usual addresses at Companies House.

We will make checks to assess your application, verify your identity, to prevent and detect crime and money laundering. We may also make periodic searches at CRAs and FPAs to manage your account with us.

(2) Information on applications will be sent to CRAs and will be recorded by them. Including information on your business and its proprietors and CRAs may create a record of the name and address of your business and its proprietors if there is not one already.

(3) If you give us false or inaccurate information and we suspect or identify fraud we will record this and may also pass this information to FPAs and other organisations involved in crime and fraud prevention.

(4) We and other organisations may access and use from other countris the information recorded by fraud prevention agencies.

(5) Your data may also be used for other purposes for which you give your specific permission or, in very limited circumstances, when required by law or where premitted under the terms of the data protection legislation.

Date

Date

Date

Date

Date

Date

Sign

Sign

Sign

Sign

Sign

Sign

PARTNER 1

PARTNER 3

AUTHORISED SIGNATORY 1 AUTHORISED SIGNATORY 2

PARTNER 2

PARTNER 4

General Agreement

Account will be operated by (Tick whichever is applicable)

Either or Survivors Jointly by Two Jointly by All Any one or Survivors

To Punjab National Bank (International) Ltd

We the undersigned, (insert names of all partners)....................................................................................................being all partners in the Firm of.......................................................... hereby request you to open Current/Deposit-at-call/Fixed Deposit Account(s) in the name of the Firm on the basis of the above information.

We hereby declare that the above information is true and correct to the best of our knowledge. We hereby authorize to open any new account in the above names as and when any of the authorised persons request for the same and in which case all the terms and conditions contained in this application form should apply.

We hereby authorize you, until you receive from any one of us notice in writing to the contrary, to treat and consider(insert ‘either’ of us’ or ‘any two of us’ or ‘all of us’ as appropriate)....................................................... as empowered to act on behalf of our said partnership in all transactions with your Bank, and to instruct you with regard to any account or banking transactions of the partnership and in particular without prejudice to the generality of the foregoing.

To honor and comply with all cheques, drafts, bill of exchange, promissory notes, acceptances, negotiable instruments and orders expressed to be drawn accepted made or given by any one of us in the name of the firm at any time or times whether our banking account is overdrawn or any overdraft is increased by any payment thereof or in relation thereto or is in credit or otherwise but without prejudice to your right to refuse to allow any overdraft or increase of overdraft and for any balance on the said account which may become due to you at any time we agree to be jointly and severally liable. To honor and comply with all instructions to deliver or dispose of any securities or documents or property held by you on our behalf to hold us liable on all agreements and indemnities in connection with the issue of letters of credit, drafts and telegraphic transfers and with all banking transactions.

Provided any such cheques drafts, bill of exchange, promissory notes, acceptances, negotiable instruments, orders instructions agreements and indemnities are signed by any one of us in the name of the firm.

To treat all cheques drafts, bills of exchange, promissory notes, acceptances, negotiable instruments and orders as being endorsed on our behalf and to discount or otherwise deal with them provided such endorsements purport to be signed by any one of us in the name of the firm.

All instructions in connection with this account and in particular, but without limithing the generality of the foregoing, all instructions relating to instruments and securities and the charging pledging disposal and withdrawal thereof are in order if given by any one of us in the name of the firm.

The FIrm agrees to provide to the Bank in writing any changes in details or circumstances that may change from time to time. The Firm shall, as and when necessary, supply to the Bank a list of the current Partners and, if applicable, other officials authorised to sign with specimen signatures.

We certify that the signatures set down within Section C of this account opening form are those of all the Partners and of any other Officers of the Firm authorised to sign, that such signatures are the genuine signatures of such persons and that such signatures operate as the specimen signatures of each of such persons.

Yours faithfully

(The position occupied in the firm by each signatory should be stated with each name)

Date

Name And Position

PARTNER 1 SIGNATURE

Date

Name And Position

PARTNER 2 SIGNATURE

Date

Name And Position

PARTNER 3 SIGNATURE

Date

Name And Position

PARTNER 4 SIGNATURE

Date

Name And Position

SIGNATORY 1

Date

Name And Position

SIGNATORY 2

Draft of Partnership mandate letter to open Account

Certificate of Incorporation

A document that sets out the complete ownership structure of the company, including all entities and individuals in the ownership structure and their countries of incorporation, and the Ultimate Beneficial Owners.Memorandum and Article of Association / Deed of the Charity / Constitution Document Charity/Association registration document

A certified copy of resolution by the governing body to open account/s with Punjabi National Bank (International) Limited, specifying names of authorised signatories, providing their specimen signatures and mode of operation

Letter of Bank reference

A copy of last year’s report and audited accounts for the last three years

A copy of the Firms Rules and Regulations certified as being true, complete and up-to-date

Individual ID for each Controlling Individual, Beneficiary (if applicable) and/or Authorised Signatory - Original or certified copies of following documents:

Current passport of photo-card full UK driving license

Recent (not older than 3 months) Bank statement or utility invoice (telephone, gas, electricity, water, council rate) with full name and address

Partnership Agreement

Validation

1st Partner

3rd Partner2nd Partner

4th Partner

5th Partner

Identity Address Telephone Signature Bank referenceCredit Agency check

Employment details

Mode of account operation taken

YES NO YES NO YES NO YES NO YES NO YES NO YES NO YES NO



YES NO

YES NO

YES NO

YES NO

YES NO

YES NO

YES NO

YES NO

YES NO

YES NO

YES NO

YES NO

YES NO

YES NO

YES NO

YES NO

Do you have an Account with another Bank:

If Yes,YES NO

Name of the Bank

Additional Information regarding Account with other Banks (Optional)

CHECKLIST

For Internal Use Only

Account UsageAccount UsageInternational Payments (Inward & Outward) Countries To/From Which International

Payments will be made/received 1)

2)

3)

Cash Deposits

Yes No

Expected Credits per month Expected Debits per month

Yes No

CUST TYPE

SME FLAG:

Risk Transfer Country code (RTCC)

Security Analysis Code(SC)

Rating

Type Of Rating Short Long

Security Extent Code

Name Of Rating Agency FTCH MOOD SAP DBRS ECDG UNRATED

Secured Unsecured Partially Secured

Small Medium Large Charity Non-Charity

Country Code

Signature Signature

NAME OF THE SIGNATORY NAME OF THE SIGNATORY

DESIGNATION DESIGNATION

ACCOUNT OPENED BY ACCOUNT VERIFIED BY

Date Date

Additional Information

Face to Face

Non Face to Face

Account Opening Method

(Authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and PRA)

Corporate Office: 1 Moorgate, London EC2R 6JH Customer support: 08008499229 FAX: 020 7796 1015

Email:[email protected] Website: www.pnbint.com

Corporate Office: 1, Moorgate, City Of London, EC2R 6JH We are a call away, please call Customer Support Number: 0800 849 9229, (Monday to Friday, 0900AM to 0500 PM)

Email: [email protected]

Annexure II SELF CERTIFICATION FORM: ENTITY

To, The Manager Punjab National Bank (International) Limited Branch: ______________ _____________________

RE: International Tax Compliance Regulations under Automatic Exchange of Information (AEOI)

Regulations in the UK based on the United States’ Foreign Account Tax Compliance Act (“FATCA”), the OECD’s Common Reporting Standard (“CRS”), EU’s Directive on Administrative Co-operation (DAC) and UK’s Crown Dependencies and Overseas Territories (“CDOT”) all commonly known as Automatic Exchange of Information (AEOI) require Punjab National Bank (International) Limited to collect and report certain information about an account holder’s tax residence. Each jurisdiction has its own rules for defining tax residence, and jurisdictions have provided information on how to determine if you are resident in the jurisdiction. In general, you will find that tax residence is the country/jurisdiction in which you operate. Special circumstances may cause you to be resident elsewhere or resident in more than one country/jurisdiction at the same time (dual residency). If you are a U.S. corporate or tax resident under U.S. law, you should indicate that you are a U.S. tax corporate on this form and you also need to fill in an IRS Form W-9. Please fully complete this form. 1. Legal Entity Details Legal Name of Entity __________________________________________________________ ___________________________________________________________ Residence Address (including country): ____________________________________________ ___________________________________________________________ Mailing Address (including country): _______________________________________________ ___________________________________________________________ Country of incorporation/organization: _____________________________________________






2. Tax Residence Please provide ALL countries of tax residence of the entity and associated tax identification number (“TIN”) for each country:

*If you do not have a tax identification number, please provide one for following reasons in the above table: Reason A - The country/jurisdiction where the entity is resident does not issue TINs to its residents. Reason B – The entity is otherwise unable to obtain a TIN or equivalent number. (Please explain why the entity is unable to obtain a TIN in the below table if you have selected this reason) . Reason C - No TIN is required. (Note: Only select this reason if the domestic law of the relevant jurisdiction does not require the collection of the TIN issued by such jurisdiction). 3. CRS Classification {Please tick (√) whichever is applicable:

S.N. Question Yes No Instructions

i) Is the entity a Depository Institution, Custodial Institution or a Specified Insurance Company?

If yes, go to section 5. If no, go to question ii).

ii) Is the entity an Investment Entity? If yes, go to question iii). If no, go to section 5.

iii) Is the entity an Investment Entity because: • its gross income is primarily attributable to investing, reinvesting or trading in Financial Assets; and • it is managed by another Financial Institution?

If yes, go to question iv). If no, go to section 5.

iv) Is the Investment Entity resident in a CRS Participating Jurisdiction?

If yes, go to section 5. If no, go to section 4.

Countries of tax residence

Tax Identification Number (TIN) Reason for no TIN*






v) Is the entity’s stock regularly traded on an established securities market?

If yes, go to section 5. If no, go to question vi).

vi) Is the entity related to another entity the stock of which is regularly traded on an established securities market?

If yes, go to section 5. If no, go to question vii).

vii) Is the entity a Governmental Entity, International Organisation or a Central Bank, or wholly owned by any of the foregoing?

If yes, go to section 5. If no, go to question viii).

viii) Does 50% or more of entity’s gross income for preceding calendar year or other appropriate reporting period come from passive income and 50% or more of the assets held during the preceding calendar year or other appropriate reporting period produce passive income?

If yes, go to section 4. If no, go to question viii).

ix) Substantially, does all activities of the entity consist of holding (in whole or part) the outstanding stock of, or providing financial services to, a subsidiary that is not a Financial Institution and not operating as a private equity fund, venture capital fund, leveraged buyout fund, or any investment vehicle whose purpose is to acquire or fund companies and then hold interests in those companies as capital assets for investment purposes?

If yes, go to section 5. If no, go to question ix).

x) Is the entity not yet operating a business and has no prior operating history but is investing capital into assets with the intent to operate a business that is not Financial Institution and was organized less than 2 years ago?

If yes, go to section 5. If no, go to question xi).

xi) Has the entity not been a Financial Institution in the last five years but is in the process of liquidating its assets or reorganizing to continue or recommence operations as a entity that is not a Financial Institution?

If yes, go to section 5. If no, go to question xii).

xii) Does the entity primarily engage in financing and hedging transactions with, or for, related entities that are not Financial Institutions and does the entity not provide financing or hedging services to unrelated entities, provided that the group of any such related entities is primarily engaged in

If yes, go to section 5. If no, go to question xiii).






a business other than that of a Financial Institution?

xiii) Is the entity a non-profit organization, exempt from tax, one that has no shareholders that have proprietary or beneficial interests in its income or assets, not permitted to distribute income or assets to persons outside of the entity’s charitable activities, and obligated by local law required to distribute assets to a government or other non-profit organisation upon liquidation?

If yes, go to section 5. If no, go to section 4.

4. Passive Non-Financial Entity The entity is a Passive Non-Financial Entity under the Common Reporting Standard. Please go to Section 5 and also provide the required details of any controlling persons in Annex 1 (use additional sheets, if there are more controlling persons) with respect to the entity named in Section 1 of this form. 5. Declaration I declare that all statements made in this declaration are, to the best of my knowledge and belief, correct and complete. I undertake to advise Punjab National Bank (International) Limited within 30 days of any change in circumstances which affects the tax residency status or causes the information contained herein to become incorrect or incomplete, and to provide Punjab National Bank (International) Limited with a suitably updated self-certification and Declaration within 30 days of such change in circumstances. Full name of Account Holder:___________________________________________________ Signature:___________________________________________________________________ Capacity:____________________________________________________________________ Date:________________________________________________________________________

Appendix 1 - Controlling Persons






Controlling Person 1 First Name and Surname: ______________________________________________________ Residence Address (including town/city and country): ________________________________ __________________________________________________________ Date of Birth: ___________________________________ Place of Birth (town/city and country): _____________________________________________ Countries of Tax Residence Please provide ALL of your countries of tax residence and associated tax identification number (“TIN”) for each country.

*For UK residents, the Tax Identification Number shall be National Insurance Number (NINO). **If you do not have a tax identification number, please provide one for following reasons in the above table: Reason A—The country where you are tax resident does not issue TINs. Reason B—You have not been able to obtain a TIN. Please provide the reasonable explanation in the table above. Reason C— No TIN is required. This reason should only be given if the authorities of the country of tax residence do not require a TIN to be disclosed. Type of Controlling Person


Tax Identification Number (TIN)* Reason for no TIN**






Type of Entity Type of Controlling Person Please tick correct box

Legal Person Control by Ownership

Control by Other Means

Senior Manager Official

Trust Settlor

Trustee

Protector

Beneficiary

Other

Legal Arrangement that is not a trust

Equivalent of settlor

Equivalent of trustee

Equivalent of protector

Equivalent of beneficiary

Equivalent of other

Controlling Person 2






First Name and Surname: ______________________________________________________ Residence Address (including town/city and country): ________________________________ __________________________________________________________ Date of Birth: ___________________________________ Place of Birth (town/city and country): _____________________________________________ Countries of Tax Residence Please provide ALL of your countries of tax residence and associated tax identification number (“TIN”) for each country. *For UK residents, the Tax Identification Number shall be National Insurance Number (NINO).

**If you do not have a tax identification number, please provide one for following reasons in the above table: Reason A—The country where you are tax resident does not issue TINs. Reason B—You have not been able to obtain a TIN. Please provide the reasonable explanation in the table above. Reason C— No TIN is required. This reason should only be given if the authorities of the country of tax residence do not require a TIN to be disclosed.


Tax Identification Number (TIN)* Reason for no TIN**






Type of Controlling Person Type of Entity Type of Controlling Person Please tick correct box

Legal Person Control by Ownership

Control by Other Means

Senior Manager Official

Trust Settlor

Trustee

Protector

Beneficiary

Other

Legal Arrangement that is not a trust

Equivalent of settlor

Equivalent of trustee

Equivalent of protector

Equivalent of beneficiary

Equivalent of other






GLOSSARY OF TERMS

Under CRS over 100 countries have committed to exchange information of financial account. These countries are known as Participating Jurisdictions. Participating countries then further agree to exchange information through agreement in place. Countries that have done this are reportable Jurisdictions. “Reportable Person” A Reportable Person is an individual (or entity) that is tax resident in a Reportable Jurisdiction under the laws of that jurisdiction. The Account Holder will normally be the “Reportable Person”; however, in the case of an Account Holder that is a Passive NFE, a Reportable Person also includes any Controlling Persons who are tax resident in a Reportable Jurisdiction. A financial account held by a reportable person is a reportable account. Tax Residency: Tax residency is the country where a person is resident for tax purposes. Entity: The term “Entity” means a legal person or a legal arrangement, such as a corporation, organisation, partnership, trust or foundation. Sole Proprietor shall be treated as Individuals under CRS “Passive NFE” (Non-Financial entity): Under the CRS a “Passive NFE” means any NFE that is not an Active NFE. An Investment Entity located in a Non-Participating Jurisdiction and managed by another Financial Institution is also treated as a Passive NFE for purposes of the CRS. Controlling person: This is a natural person who exercises control over an entity. It will depend on the legal structure of the entity. “TIN” (including “functional equivalent”): The term “TIN” means Taxpayer Identification Number or a functional equivalent in the absence of a TIN. A TIN is a unique combination of letters or numbers assigned by a jurisdiction to an individual or an Entity and used to identify the individual or Entity for the purposes of administering the tax laws of such jurisdiction. For further information please visit: http://www.oecd.org/tax/automatic-exchange/about-automatic-exchange

To: Punjab National Bank (International) Limited

Branch Office:

In consideration of Bank granting a Debit Card (in the name of company or any of its authorised persons to the Company/ Its authorized signatory(les) / director(s), we irrevocably and unconditionally agree and undertake to indemnify the Bank, and to keep the Bank, indemnified against all losses, claim, liabilities, actions, proceedings, demands, damages, costs and expense whatsoever and howsoever arising (the “liabilities”) which may be suffered, incurred of sustained by the Bank, as a result of or In connection with the operation of the Debit Card. We irrevocably and unconditionally authorize the Bank to debit any of our account(s) with the Bank at any of its branches and in whatever currency will all amounts chargeable to us as a result of the bank receiving or acting

upon the use of the Debit Card.

This indemnity shall be governed by and constructed in all respects in accordance with English law. We hereby submit to the non-jurisdiction of English courts.

Executed for and on behalf of.......................................................Limited/Ltd(“The Company”)

By a Director and Secretary or sole Director.....................................................

Dated:

ANNEXURE D(International) Limited

account opening form partnership - punjab national bank partnership account.pdf · 2020-01-10 ·...

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